Don't let an accident hurt more than it should
Group accident insurance, underwritten by Securian Life Insurance Company, helps plan for the unexpected and provides additional peace of mind.
Group accident insurance, underwritten by Securian Life Insurance Company, helps plan for the unexpected and provides additional peace of mind.
Why offer group accident insurance?
More than 1/3 of U.S. adults couldn't cover a $400 emergency expense with cash, savings or a credit card paid off at the next statement1. Accident insurance can offer an added layer of protection.
You can customize an accident insurance program to include a variety of benefits.
Core benefits can be paired with standard and additional benefits to address the financial and health risks facing employees.
Our accident insurance offering is designed to stand out from the competition with features like these:
When a claim is submitted, the amount paid will depend on the number of benefits for which the insured qualifies, the care they receive, and the terms and conditions of the policy.
If the insured is injured in a covered accident, they can get a payout to use any way they wish to help cover deductibles, out-of-pocket medical costs or everyday living expenses.
Here’s an example of how benefits under a group accident insurance policy might be paid to an employee.
Benefit | Expense amount | Accident insurance payment |
---|---|---|
Broken lower leg | $4,000 | $1,250 |
Broken wrist | $3,000 | $625 |
Emergency room treatment | $1,100 | $300 |
Ambulance | $400 | $200 |
Hospital stay (2 days) | $2,000 | $1,800 |
X-rays | $200 | $200 |
Follow up visits (4) | $400 | $400 |
Outpatient therapy visits (4) | $400 | $300 |
Total | $12,500 | $5,075 |
Actual experience and benefit payouts may vary.
Select additional benefits to complement accident insurance at no additional premium.
Continuation of coverage — If an employee becomes disabled, they may be eligible to have their group accident insurance premiums waived. Continuation options for terminated employees are also available.
Try as you might, you can’t prevent an accident. Read our top 3 trends to watch in 2023 as it relates to accident insurance.
A decision-support experience, designed to educate employees about voluntary benefits offered through their employer. Engaging employees during their decision journey, Benefit Scout offers coverage suggestions to help employees understand which benefits best fit their needs before they enroll.
1. "Report on the Economic Well-Being of U.S. Households,” Federal Reserve Board Division of Consumer and Community Affairs (DCCA), federalreserve.gov, May, 2021.
2. A hospital does not include a rehabilitation center, nursing home, rest home, extended-care facility, convalescent home, a treatment center for drug and/or alcohol addiction(s) or a treatment center for mental health disorders, even if such facilities are affiliated with or adjoined to a hospital.
3. Payable up to a specified number of days while the insured receives treatment.
This is a summary of plan provisions related to the insurance policy issued by Securian Life Insurance Company. In the event of a conflict between this summary and the policy and/or certificate, the policy and/or certificate shall dictate the insurance provisions, exclusions, all limitations and terms of coverage.
This policy provides limited benefits. This policy has exclusions, limitations, reduction of benefits, terms under which the policy may be continued in force or discontinued. For costs and complete details of the coverage, contact Securian Life Insurance Company. All elections or increases are subject to the actively at work requirement of the policy. Securian Life products are offered under policy form series 15-32400 or a state variation thereof. Product availability and features may vary by state.
This presentation provides general information to the recipient. Securian Life cannot provide legal or tax advice with respect to ERISA; COBRA; Health Savings Account (HSA) laws, rules or regulations, any applicable tax laws, rules, or regulation; or any other applicable federal or state laws, rules, or regulation. Any questions regarding these topics should be directed to your legal and tax advisors.
DOFU 1-2022
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